Press Releases

Conor Commercial Announces Delivery of 385,300 S.F. Northwest Pointe II and Purchase of Adjacent 20.5-Acre Site for Industrial BTS Development in Elgin, Illinois

November 30, 2016

Brian P. Quigley, Executive Vice President of Conor Commercial Real Estate, a national real estate developer and member of The McShane Companies, is pleased to announce the delivery of Northwest Pointe II and purchase of a 20.5-acre site directly adjacent to the recently completed development.

The 385,300 square foot, 22-acre Northwest Pointe II and neighboring parcel are situated within Northwest Corporate Park near the intersection of Galvin and Higgins Roads in Elgin, Illinois. This strategic location offers direct access to Chicago and O’Hare International Airport via I-90 at the Randall Road four-way interchange just 1.5 miles away.

“Northwest Pointe II was designed and constructed to offer contemporary Class A space for a single tenant or multiple users with space available from 65,000 to 385,000 square feet,” said Amy Rzepka, Senior Development Manager for Conor Commercial who led this development. The precast concrete building features an efficient cross-dock configuration with a 32′ clear height, 38 dock-high doors, four drive-in doors, an ESFR sprinkler system and customizable office space to-suit. The industrial facility also provides optimal truck maneuverability with 130′ courts and parking for 386 vehicles.

Northwest Pointe II follows the successful development, lease up, and sale of Northwest Pointe I, a 342,620 square foot speculative industrial facility delivered in 2014. “Throughout the development of Phase I and II, we saw a high volume of demand from users with an appetite to own their buildings. This led Conor Commercial to purchase the adjacent 20.5-acre parcel, the last developable site within Northwest Corporate Park, to market for build-to-suit opportunities.” added Rzepka. Multiple design options are available for Northwest Pointe III from 120,000 to 300,000 square feet. John T. Cassidy and Kenneth P. Franzese of Lee & Associates represented both the seller and Conor Commercial Real Estate in all three purchase transactions.

“The North Kane County/I-90 market has enjoyed substantial leasing activity driven by improved highway transportation from the recently completed $2.5 billion I-90 improvement and widening project stretching from downtown Chicago to Rockford. The high-quality park and the business-friendly City of Elgin, together with strong sustained demand for Class A industrial product, are the building blocks for Conor Commercial’s success in Elgin,” stated Quigley.

McShane Construction Company and Ware Malcomb comprised the design/build team for Northwest Pointe II. John T. Cassidy and Kenneth P. Franzese comprise the exclusive marketing agents for Northwest Pointe II and the adjacent build-to-suit site. For more information, contact Cassidy (773.355.3006 or jcassidy@lee-associates.com) or Franzese (773.355.3005 or kfranzese@lee-associates.com) or visit www.northwestpointe2.com.

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About Conor Commercial Real Estate

Conor Commercial Real Estate is the integrated real estate development firm of The McShane Companies headquartered in suburban Chicago, Illinois with regional offices located in Dallas, Houston, Phoenix and Irvine. Conor Commercial Real Estate is active on a local, regional and national basis in the development of master-planned industrial and office parks, medical office developments, multi-family properties and build-to-suit projects for lease or purchase.